hannawilson0259c6f770c on Nostr: SWIB announced in a new SEC filing that it invested in BlackRock and Grayscale's ...
SWIB announced in a new SEC filing that it invested in BlackRock and Grayscale's Bitcoin ETF.
Today, the State of Wisconsin Investment Board (SWIB) has revealed its substantial investments in Bitcoin Exchange-Traded Funds (ETFs) through a recent filing with the Securities and Exchange Commission (SEC). According to the filing, SWIB holds nearly $100 million worth of BlackRock's spot Bitcoin ETF (IBIT).
This disclosure marks SWIB as the first state-level institution to publicly announce its holdings in spot Bitcoin ETFs, signaling a notable step in the integration of Bitcoin into traditional investment portfolios.
"Wow, a state pension bought $IBIT in first quarter. Normally you don't get these big fish institutions in the 13Fs for a year or so (when the ETF gets more liquidity) but as we've seen these are no ordinary launches," Bloomberg Senior ETF Analyst Eric Balchunas commented on the news. "Good sign, expect more, as institutions tend to move in herds."
SWIB also disclosed in the filing that it holds over $63 million of Grayscale's spot Bitcoin ETF (GBTC), totaling over $162 million between these two holdings.
Today, the State of Wisconsin Investment Board (SWIB) has revealed its substantial investments in Bitcoin Exchange-Traded Funds (ETFs) through a recent filing with the Securities and Exchange Commission (SEC). According to the filing, SWIB holds nearly $100 million worth of BlackRock's spot Bitcoin ETF (IBIT).
This disclosure marks SWIB as the first state-level institution to publicly announce its holdings in spot Bitcoin ETFs, signaling a notable step in the integration of Bitcoin into traditional investment portfolios.
"Wow, a state pension bought $IBIT in first quarter. Normally you don't get these big fish institutions in the 13Fs for a year or so (when the ETF gets more liquidity) but as we've seen these are no ordinary launches," Bloomberg Senior ETF Analyst Eric Balchunas commented on the news. "Good sign, expect more, as institutions tend to move in herds."
SWIB also disclosed in the filing that it holds over $63 million of Grayscale's spot Bitcoin ETF (GBTC), totaling over $162 million between these two holdings.